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Cash and Fixed Interest
HOLST can lodge with, and call money on your behalf from accounts with leading deposit taking institutions. We prefer St.George Bank HOLST Private Account, Bank of Queensland Money Market Deposit Account(managed by DDH Graham Ltd), BWA (Bank of Western Australia) Cash Management, National Australia Trustees A1 Common Fund and selected bank owned finance companies. We also provide advice on the most appropriate area to invest your funds, such as Cash Management Funds, Bank Bills, Bonds, Company Debentures or Unsecured Notes.
Funds At Call
Our investment accounts pay highly competitive interest rates and are designed to enable you to maintain funds available for investment with Holst.
Benefits summarized as follow:-
St George Bank HOLST Private Account
- Currently paying 4.25% per annum ($1,000.00 minimum)
- Low transaction and administration costs
- Similar features to a normal bank account (i.e. Cheque Book and Visa debit card for ATM access if required)
- The ability to allow HOLST to withdraw funds to settle your share purchases and deposit share sale proceeds
- Account balance available on HOLST Online (website)
- Automatic crediting of dividend payments can be arranged
HOLST receive commission of 0.33% inclusive of GST p.a. calculated on the average monthly balance of your account. This commission is quite independent of the interest paid to you on your account.
Bank of Queensland Money Market Deposit Account - Managed by DDH Graham Ltd
- Current interest rate is 4.50%
- This account is designed to allow HOLST to settle your share purchases and to deposit share sale proceeds
- Cheque book and online services available
- No bank fees and government charges apply for normal transactions
- Account balance available on HOLST Online (website)
- Automatic crediting of dividend payments can be arranged
- Funds can be switched to a Term Deposit with Bank of Queensland to suit your requirements
HOLST receive a commission of 0.275% inclusive of GST p.a. calculated on the average monthly balance of your account. This commission is quite independent of the interest paid to you on your account.
BWA Cash Management Trust Investor Plus Account
- Current interest rate paid 3.50% on balances over $100.00
- Investor Plus accounts have similar features to a normal bank account including cheque book and Bankwest ATM debit card
- Investor Plus accounts have online access
- The ability to allow HOLST to settle your share trades and deposit share sale proceeds
- Account balance available on HOLST Online
- No minimum withdrawal applies to this account
HOLST receive a commission of 0.44% inclusive of GST p.a. calculated on the average monthly balance of your account. This commission is quite independent of the interest paid to you on your account.
If you would like further information about the Cash and Fixed Interest products offered by HOLST please contact us at holst@holst.com.au or call your HOLST Adviser on +61 3 9282 8111.
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